Inmarsat Share Discussion Threads

[wad collector] 11/6/2018 09:07

Go away ramper

[football] 11/6/2018 08:56

30 FREE oneplus coins here but running out fast so don't miss out!!!














Five free coins for every link above daily

[chancer] 11/6/2018 08:42

Out @ £5.30 for 8K profit after carrying a loss of 12K.


Very Happy

[the original goldbug] 11/6/2018 08:10

Isn’t Iridium almost bankrupt given the state of their balance sheet?

[wskill] 11/6/2018 08:07

Will wait for irriduim to throw its hat in the ring before deciding whether to sell they require isat more than any other company.

[kamitora] 11/6/2018 07:43

I have a feeling they may have written that on Friday before the bid.

[wad collector] 11/6/2018 07:35

I prefer the Jefferies £10 suggestion!

[kamitora] 11/6/2018 06:52

RBC Capital Markets - reiterated Outperform - target increased from 725 to 850

[aleman] 10/6/2018 21:48

A bid at 10 pounds a share for Inmarsat is the level at which the European satellite company’s executives would “undoubtedly” recommend an offer to investors, Giles Thorne, an analyst at Jefferies, said in a December note that argued the merits of an EchoStar bid. That’s more than double Friday’s closing price of 473.90 pence a share.

[wskill] 10/6/2018 14:23

So shorts are 27m shares short should think we will see some reduction of this next week in case an other party takes an interest for me it makes sense that irriduim is a natural bidder with its present business areas overlap.

[mrthomas] 10/6/2018 13:59

I would sell if the offer was 7 but then again all depends on what price you brought at. did not expect this share to fall as much as it has done in the past 4 months

[weatherman] 09/6/2018 17:25

hxxps://www.forces.net/news/why-rafs-future-space

[zcaprd7] 09/6/2018 11:34

From FT:YESTERDAY Inmarsat, the UK satellite group, has rejected a multibillion takeover offer from EchoStar, a US peer founded by billionaire Charlie Ergen, in a sign that cross-border consolidation may ramp up in an industry that has been unnerved by falling profits and share prices.London-based Inmarsat said it had received "a highly preliminary and indicative non-binding proposal from EchoStar Corporation in relation to the potential acquisition of the entire issued, and to be issued, share capital of Inmarsat."Inmarsat, headquartered at Old Street roundabout, said it had rejected the proposal, which "significantly undervalued" the company. It added: "The board remains highly confident in the independent strategy and prospects. The statement came in response to earlier reporting by FT Alphaville, which prompted a sharp rise in the company's share price. Inmarsat shares climbed 13.5 per cent on Friday in London, giving it a market value of £2.15bn. Including the company's more than £1.7bn of debt, a deal could likely give Inmarsat an enterprise value above £4bn. Inmarsat has long been seen by analysts as vulnerable to a bid from a regional satellite operator looking to stitch together spectrum licences, particularly as earnings deteriorated. In recent years, the decline in its share price has also knocked it out of the FTSE 100 large-cap index and into the FTSE 250 index for mid-sized groups. The group, which takes the majority of revenue from its shipping business, also rents its spectrum to Ligado Networks, a US hybrid network that plans to launch in competition with EchoStar and Dish Network, Mr Ergen's sister company. In May, shares in Inmarsat dropped more than 10 per cent after news that it would no longer have a monopoly on international maritime distressed communications. Stress in the shipping industry has led to a shrinking market for broadband terminals, which has also hurt Inmarsat's performance. Almost 7 per cent of the company's free-floating equity are on loan to hedge funds, including AQR, who are betting against a rise in Inmarsat's stock price. Analysts have discussed the likelihood of a takeover approach by EchoStar for more than a year. "The fall in the Inmarsat share price now outweighs the evident dis-synergies and clunking industrial logic of a bid from EchoStar," analysts at Jefferies wrote in December. EchoStar did not immediately respond to a request for comment. Under UK Takeover Panel rules, EchoStar has until July 6 to make a firm bid for Inmarsat or to walk away for six months. Mr Ergen, a former professional poker player and self-described avid mountain climber, is a veteran in the media and telecoms industry with a reputation for being a cut-throat operator. In 1980, he founded EchoStar with his friend Jim DeFranco, with the goal of providing rural Americans satellite service. The company grew, and in 1996 it launched Dish, which beamed cable channels to TVs across the country. The groups ultimately split in two. The billionaire's nose for dealmaking continued. In 2013 he launched a bid to take wireless carrier Sprint Nextel private for more than $25bn, but Dish ultimately pulled out after a bidding war with SoftBank. Two years later he held talks with T-Mobile USA on a possible deal that would see Dish buy out the wireless group. Negotiations between Dish and T-Mobile later broke down. EchoStar has a market value of $4.5bn, with its shares falling 0.6 per cent by midday in New York. Inmarsat provides satellite communications services for industries ranging from maritime to military use and aviation. The company has also sought to expand in providing in-flight Wi-Fi to consumers. Its core business is providing connectivity to ships, aeroplanes and hard-to-reach places around the world. Inmarsat has faced competition from new entrants, such as SoftBank-backed OneWeb, as well as tech giants such as Google, which are looking to provide connectivity to far-flung corners of the world. The bid by EchoStar follows an attempt last year by Japan's SoftBank merge Intelsat, the heavily indebted commercial satellite operator, with OneWeb. The deal between the two companies fell through.

[zcaprd7] 09/6/2018 11:17

Why would the UK government want to build a satcoms network if frozen out of galileo - surely they'd want a positioning network?Is inmarsat really that "strategic"?

[weatherman] 09/6/2018 07:02

Yes of course GEO and MEO satellites are in different orbits, but that isn't my point.

[zcaprd7] 09/6/2018 01:15

Positioning (Galileo) and sat comms are totally different...

[bluemango] 08/6/2018 23:06

Amongst the speculation about the price on Monday (given the RNS was released just after market close at 16:34), one needs to factor in the various short positions, last recorded as an aggregate 5.78%.

[weatherman] 08/6/2018 21:35

What about a national security block? Bearing in mind UK wants to build its own sat comms co. if frozen out of Galileo etc ?

[steeplejack] 08/6/2018 20:37

Both are highly illiquid and certainly won’t be dictating to London but for choice I guess we’d rather go along with IMASF closing at a London equivalent of 525p.

[aleman] 08/6/2018 20:28

A description of the difference can be found at the bottom.